Manufacturing Property with Three
New
For Sale
$350,000
10331 Us Highway 31, Berrien Springs, MI 49103
Three separate structures provide a mix of workshop, office, paint-room, and storage space.
Property Size6,012 SF
Price / SF$58.22
Days on Market6
Property Features for 10331 Us Highway 31
General Information
Standard status
Active
Size
6,012 SF
Property subtype
Commercial
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
1976
Buildings
3
Listing Agency:
Cressy & Everett Real Estate
Listed By:
The Wartick Ashley Real Estate Group
(269) 277-2754
Source:
Vmrealestatemichigan
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 14 at 9:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cressy & Everett Real Estate
Investment Insights
Based on property information with market context.
This manufacturing property comprises three buildings. The 3,900-square-foot main structure contains an office, paint room, bathroom, and two 8-foot overhead doors. A second 960-square-foot building has a concrete floor and an 8-foot overhead door; it is used for storage and workshop activity. The third building features a 12-foot overhead door, a tall ceiling, and a dirt floor, and is currently used for trailer storage.
Three-phase power serves the property. Shop equipment is excluded from the sale, with separate purchase possible. The property was built in 1976.
Three-phase power serves the property. Shop equipment is excluded from the sale, with separate purchase possible. The property was built in 1976.
Key Highlights
- Three buildings on the property
- Main building: 3,900 square feet with office, paint room, bathroom, and two 8‑foot overhead doors
- Second building: 960 square feet, concrete floor, and 8‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,101
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,020
$602.0K
Cap Rate 7%
$430,014
$430.0K
Cap Rate 9%
$334,456
$334.5K
Market Conditions
NOI Build-Up for 6,012 SF
Gross rent
$50.5K $8.40/SF
− Vacancy
−$4.2K −$0.70/SF
EGI
$46.3K $7.70/SF
− OpEx
−$16.2K −$2.70/SF
NOI
$30.1K $5.01/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,020
Cap Rate 7%
$430,014
Cap Rate 9%
$334,456
Alternative Uses
Best Use
Warehouse
$465.9K
$407.7K – $543.6K
NOI $32,615 @ 7.0% cap · market cap 9.32%
Second Best
Flex RnD
$430.0K
$376.3K – $501.7K
NOI $30,101 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,556 @ 7.0% cap · market cap 25.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 49103, MI
11,508
Population
4,833
Households
2.4
Avg Household Size
39
Median Age
52%
College-Educated
94%
High-School Grad
44.8 sq mi
ZIP Area
257
Density / Sq Mi
$61,888
Median Household Income
$32,524
Median Earnings
$878
Median Rent
$224,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Three separate structures provide a mix of workshop, office, paint-room, and storage space.
Where is this manufacturing property located?
The property is located at 10331 Us Highway 31 Berrien Springs, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three buildings on the property; Main building: 3,900 square feet with office, paint room, bathroom, and two 8‑foot overhead doors; Second building: 960 square feet, concrete floor, and 8‑foot overhead door
